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Nigeria: how to lose $35bnhttp://www.theguardian.com/world/2012/nov/13/nigeria-oil-corruption-ridabu
Nuhi Ridabu's report into billions squandered by oil industry reads like a guide to how to mismanage public resources<p>In Nigeria, Nuhu Ribadu is considered an island of principle and moral backbone in a great sea of corruption, waste and dysfunction. Trusted in a way that other politicians and public figures can only dream of. </p><p>Ribadu earned his reputation as head of Nigeria's Economic and Financial Crimes Commission, where he claimed some big scalps – including his former boss, police inspector-General Tafa Balogun, convicted of corruption. During his tenure, Nigeria quietly cleaned up its act, getting itself removed from a global blacklist of high-risk, non-cooperative countries and earning the withdrawal of a US advisory warning financial institutions to steer clear of operating in the country. This cemented his image as an anti-corruption crusader, an image which he used to good – but not good enough – effect in mounting a presidential campaign last year (his party took a creditable 5% of the vote).</p> <a href="http://www.theguardian.com/world/2012/nov/13/nigeria-oil-corruption-ridabu">Continue reading...</a>NigeriaOilGlobal developmentAfricaWorld newsTransparencyTue, 13 Nov 2012 16:29:00 GMThttp://www.theguardian.com/world/2012/nov/13/nigeria-oil-corruption-ridabuAkintunde Akinleye/REUTERSNigerians protesting against government corruption in January. Photograph: Akintunde Akinleye/ReutersSimon Allison for <a href="http://dailymaverick.co.za/">Daily Maverick</a>, part of the <a href="http://www.guardian.co.uk/world/series/guardian-africa-network" title="Guardian Africa Network">Guardian Africa Network</a>2012-11-13T16:29:00Z